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June 24 copper market noon review

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Copper market summary: Geopolitical tensions are dragging down commodities, London copper closed down $12 the next week, market sentiment before the G20 summit is cautious and wait-and-see, it is expected that Shanghai copper will be dominated today, and copper may rise or fall limited
.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 30 ~ 90 yuan / ton, a flat water copper trading price of 46790 yuan / ton ~ 46840 yuan / ton, and a premium copper trading price of 46830 yuan / ton ~ 46880 yuan / ton
.
Shanghai copper continued the volatility pattern last week, still around 46800 yuan / ton
.

The morning market quotation of the holder is 40~90 yuan / ton, the transaction is still showing the characteristics of sawing, flat water copper can be lowered to around 30 yuan / ton, good copper is also correspondingly lowered to the premium 70~80 yuan / ton range quotation, the transaction has improved slightly; The downstream still maintains rigid demand, and wet copper maintains a discount of 40 yuan / ton ~ 30 yuan / ton quotation; Today's market has the next month's invoice quotation and transaction, and the difference between the current month's invoice price is about 20 yuan / ton, but most large traders and smelters will still stick to the current month's invoice quotation
.
It is difficult for the futures to get rid of the range shock pattern, and the long order delivery day in the last two days of this month is also a factor for spot to rise, and the supply and demand sides will still be in a stalemate
.

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